Staff Turnover’s Down, But Why?

The aftermath of The Great Resignation leaves many questions.

By CPA Trendlines Research
Rosenberg National Survey of CPA Firm Statistics

As the pandemic wound down, there was a pretty big shakeup at CPA firms. Almost a fifth of employees left their firm. Some moved on to similar positions. Some got canned. And some ditched the whole profession in a search for satisfaction elsewhere.

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Charles Hylan – managing director of The Growth Partnership, which conducts the Rosenberg National Survey of CPA Firm Statistics – hazards a guess, based on his experience with CPA firms, that “a large number are leaving the profession altogether.” Among all firms surveyed, i.e., firms with over $2 million in billings, “a whopping 75 percent of staff turnover is voluntary.”